paravyoma-madhye - in the spiritual sky; nārāyaṇera - of Nārāyaṇa; nitya-sthiti - eternal residence; paravyoma-upari - in the upper portion of the spiritual sky; kṛṣṇa-lokera vibhūti - the opulence of the Kṛṣṇaloka planet.

“There is an eternal residence of Nārāyaṇa in the spiritual sky. In the upper portion of the spiritual sky is a planet known as Kṛṣṇaloka, which is filled with all opulences.